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Oil & Gas

U.S. Seizes Sanctioned Venezuelan Oil Tanker, Escalating Tensions

The United States has seized a sanctioned Venezuelan oil tanker off the country’s coast, President Trump announced Wednesday, escalating tensions with Caracas and sending oil prices higher. “We’ve just seized a tanker on the coast of Venezuela, very large, largest one ever,”

December 11, 2025

Africa·Business·News·Oil & Gas

Barka Energies Debuts: Burkina Faso Seizes Control of Its Energy Sector

Burkina Faso has officially launched Barka Energies, marking a historic turning point in the country’s hydrocarbon distribution sector. The move follows the acquisition of TotalEnergies Marketing Burkina’s assets by Coris Invest Group (CIG SA), creating a 100% Burkinabè-owned energy company with regional

December 10, 2025

Business·News·Nigeria·Oil & Gas

NCDMB Sets Industry Benchmark with Fourth Consecutive Win in PEBEC Business Efficiency Index

The Nigerian Content Development and Monitoring Board (NCDMB) has reinforced its standing as one of the country’s most efficient regulatory institutions after emerging the overall best-performing agency in the Presidential Enabling Business Environment Council (PEBEC) Transparency and Efficiency Index for the fourth

December 3, 2025

Business·News·Oil & Gas·World News

Oil Prices Climb as OPEC+ Holds Output Steady, Geopolitical Tensions Escalate

Global oil prices rose on Monday as OPEC+ reaffirmed its decision to keep production unchanged in the first quarter of 2026, while renewed geopolitical tensions including U.S. airspace restrictions on Venezuela and fresh attacks on vessels and oil infrastructure in the Black

December 1, 2025

Finance & Economy·News·Nigeria·Oil & Gas·Top Stories

Dangote Refinery Sets New Supply Benchmark, Commits to Meeting Nigeria’s Domestic PMS Demand

Dangote Petroleum Refinery has strengthened its bid to stabilise Nigeria’s downstream market with a formal declaration that it is “ready and able” to meet the country’s domestic Premium Motor Spirit (PMS) requirements from December 2025 onward. The company has committed to supplying

December 1, 2025

News·Nigeria·Oil & Gas

NNPCL Posts ₦5.4tn Profit in 2024, Unveils Roadmap to Attract $60bn Investments by 2030

The Nigerian National Petroleum Company Limited (NNPCL) has announced a Profit After Tax (PAT) of ₦5.4 trillion for the 2024 financial year, marking one of its strongest performances since its transition into a limited liability energy company. The details were released by

November 25, 2025

News·Nigeria·Oil & Gas·Top Stories

FG Suspends Planned 15% Import Duty on Petrol, Diesel to Avert Price Surge

The Federal Government has suspended the planned 15 per cent import duty on Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO), popularly known as petrol and diesel, stepping back from a policy that was expected to raise the landing cost of

November 14, 2025

Africa·Business·News·Nigeria·Oil & Gas

Stronger Local Content Policies Key to Unlocking Africa’s Energy Market Value – Ogbe

Nigeria’s Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, says Africa risks losing billions in potential market value unless oil-producing nations hardwire local content policies into their energy strategies. Speaking at the 4th African Petroleum

November 6, 2025

Business·News·Oil & Gas

FG, IMF in Talks to Develop Transparent Fuel Price Framework, Strengthen Fiscal Resilience

The Federal Government of Nigeria has begun formal discussions with the International Monetary Fund (IMF) to develop a transparent fuel price modulation framework and strengthen the country’s fiscal resilience amid global energy market volatility. The initiative, spearheaded by the Ministry of Petroleum

November 5, 2025

Business·News·Oil & Gas·World News

Interocean Expands Middle East Presence, Opens Regional Office in Dubai’s DMCC

International marine and energy solutions provider, Interocean Marine Services (Interocean), has officially launched a new regional office at the Dubai Multi Commodities Centre (DMCC), signaling a major expansion drive to strengthen its footprint across the Middle East’s energy and maritime sectors. The

November 5, 2025

Business·News·Oil & Gas·Top Stories

Dangote Refinery Pledges Uninterrupted Fuel Supply, Cites Tariff Policy as Boost to Local Industry

The Refinery currently produces over 45 million liters of PMS and 25 million liters of diesel daily.

November 1, 2025

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Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

SEC Orders Full Registration of Tradable Instruments by January 2026

The Securities and Exchange Commission (SEC) has ordered all Capital

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

The UK Labour government has expanded its existing sugar tax

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Oil & Gas

U.S. Seizes Sanctioned Venezuelan Oil Tanker, Escalating Tensions

Barka Energies Debuts: Burkina Faso Seizes Control of Its Energy Sector

NCDMB Sets Industry Benchmark with Fourth Consecutive Win in PEBEC Business Efficiency Index

Oil Prices Climb as OPEC+ Holds Output Steady, Geopolitical Tensions Escalate

Dangote Refinery Sets New Supply Benchmark, Commits to Meeting Nigeria’s Domestic PMS Demand

NNPCL Posts ₦5.4tn Profit in 2024, Unveils Roadmap to Attract $60bn Investments by 2030

FG Suspends Planned 15% Import Duty on Petrol, Diesel to Avert Price Surge

Stronger Local Content Policies Key to Unlocking Africa’s Energy Market Value – Ogbe

FG, IMF in Talks to Develop Transparent Fuel Price Framework, Strengthen Fiscal Resilience

Interocean Expands Middle East Presence, Opens Regional Office in Dubai’s DMCC

Dangote Refinery Pledges Uninterrupted Fuel Supply, Cites Tariff Policy as Boost to Local Industry

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Dollar Trade Flat In Black Market, Appreciates In Official Window

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

SEC Orders Full Registration of Tradable Instruments by January 2026

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

Musa Calls Time on Illustrious Super Eagles Career

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